Due to the increasing importance of sustainability aspects for investors and capital market participants, the "Effective Sustainability Communicator Austria Award 2021" was presented for the first time. AMAG was ranked first place among all participating ATX companies and received the title "Effective Sustainability Communicator 2021" for its holistic and transparent sustainability reporting. The award was handed over to AMAG at the annual conference of Cercle Investor Relations Austria (CIRA for short) on October 13, 2021 in Vienna.
Gerald Mayer, CEO of AMAG Austria Metall AG about receiving the award: "Sustainability and innovation have been the foundation of the AMAG strategy for many years. High sustainability standards as well as transparent and open communication are essential. For this reason, we are particularly pleased to receive the award for the quality of our sustainability reporting."
To assess the ATX company’s sustainability reporting performance various sources such as annual reports, capital market presentations and investor relations websites were taken into account. The assessment was carried out by the Chair of Accounting and Auditing at the HHL Leipzig Graduate School of Management under the direction of Prof. Dr. Henning Zülch and the Hamburg consultancy Kirchhoff Consult.
At the award ceremony, the application of international sustainability standards in AMAG’s reporting, its comprehensive sustainability goals, and the systematic definition of the key reporting topics with the involvement of the company's stakeholders were particularly emphasized.
"AMAG considers sustainability to be a holistic concept and manages to transparently disclose this fact in its sustainability reporting. In particular, the strong focus on environment is worth to be highlighted. Congratulations to this great success", said Harald Hagenauer, Chairman of the CIRA at the award ceremony.
About AMAG’s non-financial declaration
Since the reporting year 2017, AMAG publishes a summarized non-financial statement in its annual report. This non-financial statement summarizes essential information on the following aspects for AMAG and its stakeholders: environmental issues, employee issues, social issues, respect for human rights, anti-corruption, and bribery. The Management Systems department, with its sub-departments Occupational Safety, Quality Management, Energy, Environmental & Risk Management, Continuous Improvement Process and Sustainability coordinates AMAG’s sustainability management.
About CIRA – Cercle Investor Relations Austria
The Cercle Investor Relations Austria (CIRA) is the interest group for investor relations in Austria and includes companies, investors and people interested in the capital market. With its activities and the networking of its members, the association contributes fundamentally to the increased functionality of the capital market in Austria.